Overall, the news looked more like (home prices were pretty much) status-quo with a 0.8% increase in sales volume overall over Q4 2012. However, one truth that never changes is that real estate is a LOCAL business....The west coast is just taking a breather after a major run-up in volume and prices...The northeast now appears to be on a tear, but let's not forget that it has been in the doldrums for years.
Trust is hard because so many people are indeed dishonest. There are times where I feel like I'm shooting craps when I take on a new client, with the odds stacked against me in the trust department. Sadly, I'm often quite certain that the client has the same issue with me.
Some parts of Westchester NY are already recovering. In areas such as Scarsdale and Larchmont, we saw our fair share of competitive bidding this year. This breath of fresh air was restricted to single-family homes in specific municipalities. Prices in these areas are well off their lows in spite of continuing declines elsewhere.